Copa (NYSE:CPA) CAO Juan Alberto Mr Alvarado Sells 174 Shares of Company Stock

Copa Holdings, S.A. (NYSE:CPA) CAO Juan Alberto Mr Alvarado sold 174 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $146.75, for a total value of $25,534.50. Following the transaction, the chief accounting officer directly owned 245 shares in the company, valued at approximately $35,953.75. This represents a 41.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Copa Trading Up 0.6%

CPA traded up $0.84 during mid-day trading on Friday, reaching $142.64. The stock had a trading volume of 242,291 shares, compared to its average volume of 325,491. The firm’s fifty day simple moving average is $132.68 and its two-hundred day simple moving average is $133.46. The stock has a market capitalization of $5.87 billion, a P/E ratio of 9.38, a P/E/G ratio of 1.31 and a beta of 1.14. Copa Holdings, S.A. has a 52 week low of $107.44 and a 52 week high of $160.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 1.06.

Copa (NYSE:CPA) last released its earnings results on Saturday, August 8th. The transportation company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.21). Copa had a return on equity of 22.40% and a net margin of 15.71%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $3.61 EPS. The company’s revenue was up 25.7% compared to the same quarter last year. On average, equities analysts predict that Copa Holdings, S.A. will post 14.78 EPS for the current year.

Analyst Upgrades and Downgrades

CPA has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Copa from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Raymond James Financial cut their price objective on shares of Copa from $195.00 to $185.00 and set a “strong-buy” rating on the stock in a report on Monday, August 24th. UBS Group reduced their price objective on shares of Copa from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $172.20.

Institutional Investors Weigh In On Copa

Several large investors have recently bought and sold shares of the company. Cullen Capital Management LLC acquired a new stake in Copa in the second quarter worth $88,871,000. INCA Investments LLC acquired a new position in shares of Copa in the 1st quarter valued at $26,950,000. Globeflex Capital L P bought a new stake in shares of Copa in the 2nd quarter valued at $13,579,000. Quantinno Capital Management LP increased its position in shares of Copa by 94.7% in the 1st quarter. Quantinno Capital Management LP now owns 143,618 shares of the transportation company’s stock valued at $16,316,000 after buying an additional 69,838 shares in the last quarter. Finally, Artemis Investment Management LLP increased its position in shares of Copa by 64.9% in the 3rd quarter. Artemis Investment Management LLP now owns 159,559 shares of the transportation company’s stock valued at $21,038,000 after buying an additional 62,789 shares in the last quarter. Institutional investors own 70.09% of the company’s stock.

About Copa

Copa Holdings, SA is a Panama-based airline holding company whose principal subsidiary is Compañía Panameña de Aviación, SA, known as Copa Airlines. The company provides scheduled passenger air transportation, with Tocumen International Airport in Panama City serving as its primary hub.

Copa Airlines operates a network connecting Panama with destinations across North, Central and South America and the Caribbean. Its services support both business and leisure travel, with connecting traffic routed through Panama’s geographic position as a regional aviation hub.

Copa Holdings also has an interest in Wingo, a low-cost airline serving Colombia and other markets in the Americas.